TraderWise

It seems that s investors have adopted positions against the EUR not out of conviction about Europe’s economics but instead as a way to hedge bullish stock and other positions. Technically, the EUR would weaken and the dollar would strengthen if global stocks plummet. Last Wed. we witnessed that very scenario. Now that the EUR has dropped three big figures and no momentum to carry on the slide, we sit and wait again? Do we drown out all the noise around us and keep to our convictions? Even the Euro’s GDP numbers this morning has failed to ignite any appetite thus far.